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Or, try out our Debt Consolidation Mortgage Calculator to see if a home equity loan or second mortgage would work for you.
Prospect Mortgage, Inc. has been helping homeowners since 1994
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 Mortgage News Daily
Mortgage Registry Now Includes all States, Federal Lenders - 1 hour ago
Posted To: MND NewsWireThe State Regulatory Registry, LLC (SRR) and the Nationwide Mortgage Licensing System (NMLS) have issued an Annual Report for 2011. The report notes that 2011 was the first year that all state mortgage regulatory agencies utilized NMLS to manage mortgage loan originator (MLO) licenses on the system. In addition, in January the NMLS Federal Registry became fully operational. By the end of the year the Federal Registry contained active registrations for 11,081 institutions and 375,654 registered MLOs. According to the report, for the first time almost all of the nearly half-million individual mortgage loan originators (MLOs) along with their license or registration status and other information are now available to the general public on-line through NMLS Consumer Access. By the end of 2011 NMLS...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS MID-DAY: Relatively Uneventful Despite Slight Weakness - 4 hours ago
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary As the trading day progresses, things are shaping up to be increasingly uneventful even though MBS are down 6/32nds. Reason being: everything has been well contained, and what little weakness we've seen has occurred in a rather orderly fashion and without major volume spikes. Bond markets are staying reasonably connected to stocks, given the lack of market-moving data and European headlines. In short, today looks like the "wind down" that we thought yesterday might have been. We're not completely out of the woods as far as potential volatility is concerned. But as far as coasting into the weekend with minimal losses, it's "so far so good." MBS Pricing Snapshot Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Realtors Show Clout, 'Protecting The American Dream' in DC Rally - 5 hours ago
Posted To: MND NewsWireRealtors® massed on the Washington Mall on Thursday to show their strength in a year in which their trade organization, The National Association of Realtors (NAR) seems anxious on several levels. An estimated 15,000 Realtors gathered at the foot of the Washington Monument to, in the words of NAR President Moe Veissi "protect the American Dream of homeownership." According to a press release regarding the Rally to Protect the American Dream as the event was characterized, "Realtors® are working to ensure that people who want to own a home or invest in real estate and can responsibly afford to do so will continue to have the opportunity to do that." NAR is currently concerned about discussions to include a requirement for a 20 percent downpayment in the proposed definition of Qualified...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
A Note on The Implications Of Flat Fee Pricing; Lender Updates Continue; Ready For Another Refi Wave? - 6 hours ago
Posted To: Pipeline PressFacebook...Facebook...Facebook...I guess the financial press is tired of discussing things like Europe's woes. ( Even today's closing paragraph at the bottom is about Facebook. ) Say what you want, but it is influencing real estate down in San Francisco . To help keep things in perspective, I received this note about small improvements in the price of real estate in various markets: "If I reduce your wages by $1,000 a month for 5 years but finally, in one month, give you a raise of 0.2% in February ... would you really consider that positive overall? It does not address the overreach of price declines that the banks fire sales have caused. That little problem will take decades to resolve at 0.2% a month increase." I agree, and good point. We'd all agree, however, that at least the .2% improvement...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
The Day Ahead: Markets Free To "Trade It Out" Amid Data-Free Session - 16 hours ago
Posted To: MBS CommentaryWith so many unprecedented and hefty considerations, markets might enjoy today's complete absence of scheduled economic data as some sort of chance to seek its own equilibrium. That sentence was actually lifted from an article we wrote in July 2011 when European drama was first beginning to collide with impending Fed policy changes. The first four days of the week contained plenty of events informing both of those heavy hitters and markets attempted to reconcile those versus the decreasingly significant scheduled econ calendar. Back then, we thought that the data-less Friday looked like a decent opportunity for markets to "trade it out," but as it happened, things didn't move too much until two weeks later when 10yr yields dropped about 60bps in 5 days in the run up to NFP. Interestingly enough...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
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